Consumers' short-term outlook for the U.S economy has hit its lowest point in nearly a decade as concerns about inflation, especially rising gas and food prices, increase
Conference Board’s expectations index for June dips to level not seen since 2013 as overall consumer confidence falls
Where in Americans’ household budgets is inflation hitting the hardest? WSJ’s Jon Hilsenrath traces the roots of the rising prices to learn why some sectors have risen so much more than others. Photo Illustration: Laura Kammermann/WSJConsumers’ short-term outlook for the U.S. economy dropped sharply to its lowest point in nearly a decade onThe consumer-confidence index, which hints at American attitudes toward jobs and the economy, also fell, dropping to 98.7 in June, down 4.5 points from 103.
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Consumers are feeling less confident about the US economy as prices keep risingThe consumer confidence index for June dropped to 98.7 from May's revised reading of 103.2, which was adjusted downward by more than 3 points
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